Variable Overhead Efficiency Variance is a cost accounting metric that measures the difference between the actual hours worked and the standard hours allowed, multiplied by the standard variable overhead rate. This variance assesses the efficiency variable in utilizing labor or machine hours, impacting overall production costs. A favorable variance indicates efficient resource use, while an unfavorable one suggests inefficiencies.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.
